Final bids in for Victoria desalination but debt fears linger

BassWater and AquaSure, the two rival consortia looking to construct and operate Wonthaggi Plant, Australia’s largest desalination plant, submitted their final bids on Monday for a deal that bankers warned will test the limits of the Australian loan market.

  • 20 Jul 2009

Bankers expect the preferred bidder of the Victoria desalination project, which will require around A$3.7bn of debt, to be announced in a few weeks.

Some 10 or more banks are lined up to provide the financing for the two bidders, although many bankers have warned that the A$3.7bn ...

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